Iraq’s Minister of Finance visits Kuwait for talks on economic cooperation, investment

by **claud39** on Sun May 24, 2020 12:53 pm

[size=32]Iraq’s Minister of Finance visits Kuwait for talks on economic cooperation, investment[/size]

24 May 2020

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Iraq’s Minister of Finance visits Kuwait for talks on economic cooperation, investment 159029431274810000

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Iraq’s Minister of Finance, Ali Allawi, arrived in Kuwait on Saturday for talks with senior officials.

Mr. Allawi held discussions with the Prime Minister of Kuwait, Sheikh Sabah Al-Khalid Al-Sabah, on bilateral relations and delivered a written message from Prime Minister Mustafa Al-Kadhimi.

He also held talks with the Minister of Finance, Barrak Al-Shitan, the Minister of Oil, Khaled Al-Fadhel, the Deputy Foreign minister, Khaled Al-Jarallah and other senior Kuwaiti officials.

The discussions focused on taking forward and implementing the decisions of the International Conference for the Reconstruction of Iraq held in Kuwait in February 2018, linking the electricity grids of the two countries, and rescheduling Iraq’s compensation payments to Kuwait.

The two sides also discussed encouraging Kuwaiti investment in Iraq, especially in the commercial and industrial sectors, and in infrastructure.

Mr. Allawi earlier visited Saudi Arabia where he held talks with Saudi officials on deepening economic and commercial and cooperation.

https://gds.gov.iq/iraqs-minister-of-finance-visits-kuwait-for-talks-on-economic-cooperation-investment/

by **claud39** on Fri May 29, 2020 2:06 pm

[size=42]Diplomatic sources settle the controversy over the news of Kuwait forgiving Iraq debts[/size]

29.05.2020

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Kuwaiti diplomatic sources commented on the rumors regarding Kuwait forgiving Iraq’s remaining debts related to the Gulf War compensation and the postponement of other payments.

The sources said to the newspaper, "An-Nahar" that the Iraqi Finance Minister during his recent visit to Kuwait submitted a request on behalf of his country's government to postpone the payment of the remaining debts for a period ranging between one or two years, given the economic conditions imposed by the low oil prices as well as the repercussions of the spread of the Corona virus, indicating that the request It is still under study and has not yet been decided by the government.

The sources pointed out that Iraq had paid Kuwait a portion of the debts last April, at a value of 440 million dollars, explaining that the total value of the remaining debt amounted to 2.8 billion dollars.

The former Kuwaiti MP, Abdul Hamid Abbas Dashti, wrote yesterday, Thursday, that his country exempted Iraq from debts amounting to 3 billion dollars, and decided to postpone further payment.

"Congratulations for Iraq, to exempt debts of $ 3 billion due to Kuwait, and to postpone a debt of $ 1.6 billion," Dashti wrote in a tweet on Twitter.
Neither Kuwait nor Iraq has formally announced the existence of such an agreement between the two countries, as was previously the practice.

And Finance Minister Ali Allawi, who is also Deputy Prime Minister and Acting Oil Minister, suggested that Kuwait postpone about $ 3 billion of Iraq’s debt related to Gulf War compensation (1990-1991), when the late President Saddam Hussein burned Kuwait’s oil fields.

https://arabic.sputniknews.com/arab_world/202005291045566792-%D9%85%D8%B5%D8%A7%D8%AF%D8%B1-%D8%AF%D8%A8%D9%84%D9%88%D9%85%D8%A7%D8%B3%D9%8A%D8%A9-%D8%AA%D8%AD%D8%B3%D9%85-%D8%A7%D9%84%D8%AC%D8%AF%D9%84-%D8%AD%D9%88%D9%84-%D8%A3%D9%86%D8%A8%D8%A7%D8%A1-%D8%A5%D8%B3%D9%82%D8%A7%D8%B7-%D8%A7%D9%84%D9%83%D9%88%D9%8A%D8%AA-%D8%AF%D9%8A%D9%88%D9%86-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/

by **claud39** on Sat May 30, 2020 9:43 am

The fact that Kuwait forgives Iraq debts

05/30/2020

Economy News _ Baghdad

Kuwaiti diplomatic sources commented on the rumors regarding Kuwait forgiving Iraq’s remaining debts related to the Gulf War compensation and the postponement of other payments.

The Kuwaiti newspaper, "An-Nahar", quoted the sources as saying, "During his recent visit to Kuwait, the Iraqi Minister of Finance submitted a request to postpone the payment of the remaining debts for a period ranging between one or two years, given the economic conditions imposed by the low oil prices as well as the repercussions of the spread Corona virus, "noting that" the request is still under study and has not yet been decided by the government. "

The sources added that "Iraq had paid Kuwait a portion of the debts in the month of April, at a value of 440 million dollars," explaining that "the total value of the remaining debt amounts to 2.8 billion dollars."

The former Kuwaiti MP, Abdul Hamid Abbas Dashti, wrote that his country exempted Iraq from debts amounting to 3 billion dollars, and decided to postpone further payment.

"Congratulations to Iraq, to a $ 3 billion debt forgiveness due to Kuwait, and to a delay of $ 1 in debt," Dashti wrote in a tweet on Twitter.

Neither Kuwait nor Iraq has formally announced the existence of such an agreement between the two countries, as was previously the practice.

And Finance Minister Ali Allawi, who is also Deputy Prime Minister and Acting Oil Minister, suggested that Kuwait postpone about $ 3 billion of Iraq’s debt related to the Gulf War compensation (1990-1991).

http://economy-news.net/content.php?id=20486

by **claud39** on Sat May 30, 2020 9:57 am

Parliamentary finance calls on the government to form negotiating delegations to postpone the payment of the external bureau

05/30/2020

Iraq’s Minister of Finance visits Kuwait for talks on economic cooperation, investment 21110

Iraq’s Minister of Finance visits Kuwait for talks on economic cooperation, investment 21110

Economy News _ Baghdad

Member of the Parliamentary Finance Committee Jamal Kujer called, on Saturday, the federal government to form negotiating delegations to postpone the payment of Iraq’s foreign office.

Cougar said, in a press statement seen by "Al-Iqtisad News", that "the foreign office under the custody of Iraq, according to the 2019 budget, was more than $ 15 billion, and we, as a financial committee in Parliament, have asked the federal government to form negotiating delegations to request from countries, which Iraq is seeking funds to postpone the payment of that debt due to the financial and economic circumstance that the country is going through. "

And between "We asked the Minister of Finance Ali Allawi, to come to Parliament, for the purpose of informing us of the files that he discussed during his visit to Saudi Arabia and Kuwait, and other files, but he told us that I am still new asked to give a deadline, then sit with him, and we appreciated this request."

Iraq suffers from a financial crisis caused by the collapse in oil prices and the loss of more than 50 percent of its value due to the Corona pandemic, which has paralyzed the global economy.

Iraq relies on the proceeds of the sale of oil to finance about 95 percent of the country's expenditures.

Proceeds from the sale of oil gradually decreased in recent months to 1.5 billion dollars in April, compared to about 3 billion in March, and about 5 billion in February.

http://economy-news.net/content.php?id=20492

by **claud39** on Thu Jun 25, 2020 12:41 pm

[size=36]Kuwaiti lawmakers welcome Al-Kazemi's cooperation files: We will salute you better[/size]

25/06/2020

Iraq’s Minister of Finance visits Kuwait for talks on economic cooperation, investment 122562020_20200625114415173

Follow-up - Mawazine News

met with the deputies of the positive vision conveyed by the Iraqi Prime Minister, Mustafa Al-Kazemi, regarding his government's aspirations regarding files of joint cooperation with Kuwait, in a tone of optimism framed by the necessity of marketing this vision inside Iraq before Kuwait, in order to be built on solid foundations.

Commenting on what was published by the Kuwaiti newspaper Al-Rai last Monday, under the title "Al-Kazemi: Kuwait closest to borders and hearts ... and folded the page of the past by liberating from its fears," Kuwaiti MP Saleh Ashour said that "Iraq is in dire need today more than ever to develop His relationship with his neighbors and getting close to them, in addition to developing his relationship with Iran and Turkey, in order to achieve stability in it, especially since the international scene is waving major changes and will not be after the Corona pandemic as it was before. "

Ashour stressed, in a statement reported by Al-Rai newspaper, that "this gesture from Al-Kazemi is welcomed and appreciated, and it should be accompanied by practical steps by the authorities in both countries by activating the role and work of joint committees between the two countries at all levels, particularly the security and economic fields."

He pointed out that "Kuwait does not have any problem in developing the relations of the two countries and expanding the horizon of cooperation", stressing that "Kuwait and Iraq have the ingredients and capabilities that could provide for the establishment of a major economic partnership in the region, with the participation of the Iranian Republic in the border areas between the three maritime and land countries." .

He praised "the recent visit of the Foreign Minister, Sheikh Ahmed Al-Nasser, to the Iraqi Republic," considering it a positive gesture to renew the emphasis on Kuwait's permanent policy and approach to the brotherly countries.

For his part, Deputy Dr. Khalil Abel, in his capacity as a member of the Parliamentary Division and the Assembly of Asian Parliaments and a citizen, stressed that "Iraq is a neighbor and sister country, with which we bring together the bonds of neighborliness, brotherhood and love, despite the fact that it is not possible to forget the historical events that occurred, but we cannot blame others for crimes Grave Saddam and others. "

He considered, "Kuwait is the ideal partner for Iraq in the future, as we are a peaceful country that is always looking to form good relations for all. Its policy is to stay away from problems and enhance prospects for cooperation."

Apple stressed, "The need to develop Kuwaiti-Iraqi relations at all levels, especially economic, and that delaying this step will be a loss for both countries every day," noting that "without doubt there will be cacophony voices seeking to prevent the strengthening of this cooperation and the disruption of economic partnerships," From inside and outside Iraq, the leaderships of both countries should be well aware of this. "

He stressed, "With the geographical location of the two countries on the Gulf, a common economic zone can be established for the benefit of both countries. Iraq is Kuwait's gateway to geographical locations in Asia, and Kuwait is the gateway to Iraq in other geographical locations."

In turn, a member of the Parliamentary Foreign Affairs Committee, Deputy Faraj Al-Arbeed, said that "Kuwait has demonstrated in recent years what is greater than what the Iraqi Prime Minister indicated to him in his endeavor to strengthen the relationship between the two neighboring countries," considering that "it is very interesting to hear these words.

Al-Kazemi is the emotional person who started his career as the highest Iraqi executive for the next few years, but relations between countries must be governed by documented agreements in managing common files, especially in a relationship similar to the relationship of the two neighboring countries, which witnessed great disasters three decades ago, it is the State of Kuwait that started In overtaking the past dramatically. "

Al-Arbeed expressed his confidence that the Kuwaiti side will return the greeting better than it is, but what is required in the coming stage is that Al-Kazemi works inside Iraq to reinforce this fraternal approach towards Kuwait and its people, and we hope that this language will rise to the brothers and neighbors in Iraq towards our country, whether on The official level of the two authorities is there, or at the grassroots level, and an Iraqi MP will not come out to us from time to time saying different words to that.

The MP Omar Al-Tabtabai addressed, "Thanks to the new Iraqi Prime Minister for this gesture," stressing at the same time that "history cannot cancel the Iraqi invasion from the memory of Kuwaitis before the educational curricula, despite the existence of sincere desires, to turn the page of the past."

Al-Tabtaba'i called for "

https://www.mawazin.net/Details.aspx?jimare=106916

by **claud39** on Sun Jun 28, 2020 11:17 am

The star and the time, they discuss ways to develop bilateral relations between Iraq and Kuwait

2020-06-28

Iraq’s Minister of Finance visits Kuwait for talks on economic cooperation, investment 15933463948e446a213f37cb8a5cad6c505698663b--%D8%A7%D9%84%D8%B3%D9%81%D9%8A%D8%B1_%D8%A7%D9%84%D9%83%D9%88%D9%8A%D8%AA%D9%8A

Iraq’s Minister of Finance visits Kuwait for talks on economic cooperation, investment 15933463948e446a213f37cb8a5cad6c505698663b--%D8%A7%D9%84%D8%B3%D9%81%D9%8A%D8%B1_%D8%A7%D9%84%D9%83%D9%88%D9%8A%D8%AA%D9%8A

The Minister of Planning, Prof. Dr. Khaled Battal Al-Najem received, in his office at the Ministry’s Bureau, today, Sunday, the Ambassador of the State of Kuwait to Iraq, Mr. Salem Ghassab Al-Zamanan.

At the beginning of the meeting, the Minister appreciated the positions of the government and people of Kuwait supporting the Iraq, especially in the field of facing the Corona pandemic, and supporting the efforts of reconstruction operations and achieving stability and development in all of Iraq, indicating that the current situation that the countries of the region and the world go through requires, more Of cooperation in order to cross the crisis and overcome the economic challenges caused by low oil prices, confirming that the Iraqi government went on to take a series of economic measures and reforms, in the short and medium term, by activating investment and creating an attractive environment for business, calling on Kuwaiti companies to benefit from Investment opportunities are available in many development sectors, according to economic priorities and development gaps that are indicated at the level of each governorate.

For his part, Al-Zamanan welcomed the orientations of the Iraqi government to support investment and enhance fruitful cooperation relations with the State of Kuwait, expressing the Kuwaiti government's readiness to provide more support to the brotherly Iraqi people, in various fields, stressing the desire of many companies to work in Iraq.

In that, the two sides discussed in the meeting a number of issues of common concern, especially with regard to strengthening bilateral relations in the economic and investment fields, among them, the rehabilitation and development of the Safwan border port, and the implementation of a number of service projects, in the health and education sectors and the implementation of Ya Hussein Road, The link between the southern governorates and Karbala governorate, through a number of central governorates,

The two parties also agreed to form joint Iraqi-Kuwaiti committees to follow up and activate the outcomes of the Kuwait Donors Conference that was held at the initiative of the State of Kuwait in the beginning of 2018.

https://mop.gov.iq/activities_minister/view/details?id=1204

by **claud39** on Sun Jun 28, 2020 11:36 am

The Minister of Planning calls on Kuwaiti companies to take advantage of investment opportunities in Iraq

June 28, 2020

Iraq’s Minister of Finance visits Kuwait for talks on economic cooperation, investment 1024

Iraq’s Minister of Finance visits Kuwait for talks on economic cooperation, investment 1024

Direct: The Iraqi Minister of Planning, Khaled Battal Al-Najm, received today, Sunday, the Kuwaiti ambassador to Iraq, Salem Ghassab Al-Zamanan, in his office at the ministry’s office.

The star, according to a statement of the Ministry of Planning, called on Kuwaiti companies to take advantage of the investment opportunities available in many development sectors, in accordance with economic priorities and development gaps indicated at the level of each of the governorates.

And the star pointed out that the current situation that the countries of the region and the world are going through requires more cooperation in order to cross the crisis and overcome the economic challenges caused by low oil prices.

The Minister affirmed that the Iraqi government is continuing to take a series of economic measures and reforms in the short and medium term, through activating investment and creating an attractive environment for business.

For his part, Al-Zamanan welcomed the orientations of the Iraqi government in supporting investment and enhancing fruitful cooperation relations with the State of Kuwait.

Al-Zamanan expressed the Kuwaiti government's readiness to provide more support to the brotherly Iraqi people, in various fields, stressing the desire of many companies to work in Iraq.

During the meeting, the two sides discussed a number of issues of common concern, especially with regard to strengthening bilateral relations in the economic and investment fields, including the rehabilitation and development of the Safwan border port, the implementation of a number of service projects, in the health and education sectors and the implementation of Ya Hussein Road, the link between the southern governorates and a governorate Karbala, passing through a number of central governorates.

The two parties agreed to form joint Iraqi-Kuwaiti committees to follow up and activate the outcomes of the Kuwait Donors Conference that was held at the initiative of the State of Kuwait in the beginning of 2018.

Nominations:

https://www.mubasher.info/news/3660239/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%AA%D8%AE%D8%B7%D9%8A%D8%B7-%D9%8A%D8%AF%D8%B9%D9%88-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D9%83%D9%88%D9%8A%D8%AA%D9%8A%D8%A9-%D8%A5%D9%84%D9%89-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D9%81%D8%A7%D8%AF%D8%A9-%D9%85%D9%86-%D8%A7%D9%84%D9%81%D8%B1%D8%B5-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D9%8A%D8%A9-%D8%A8%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/

by **claud39** on Mon Jun 29, 2020 10:28 pm

[size=30]Iraqi-Kuwaiti agreement to form joint committees to activate the outcomes of the donors conference[/size]

June 28, 2020

Iraq’s Minister of Finance visits Kuwait for talks on economic cooperation, investment %D8%A7%D8%AA%D9%81%D8%A7%D9%82-%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%83%D9%88%D9%8A%D8%AA%D9%8A-%D8%B9%D9%84%D9%89-%D8%AA%D8%B4%D9%83%D9%8A%D9%84-%D9%84%D8%AC%D8%A7%D9%86-%D9%85%D8%B4%D8%AA%D8%B1%D9%83%D8%A9-%D9%84%D8%AA%D9%81%D8%B9%D9%8A%D9%84-%D9%85%D8%AE%D8%B1%D8%AC%D8%A7%D8%AA-%D9%85%D8%A4%D8%AA%D9%85%D8%B1-%D8%A7%D9%84%D9%85%D8%A7%D9%86%D8%AD%D9%8A%D9%86-300x169

Baghdad / Al-Zawra:

The Minister of Planning, Khaled Battal Al-Najm, and the Kuwaiti Ambassador to Iraq, Salem Al-Zamanan, agreed to form joint committees to activate the outputs of the Kuwait Donors Conference that was held at the beginning of 2018, while the star called on Kuwaiti companies to take advantage of the available investment opportunities in Iraq. The Ministry of Planning said in a statement: Minister of Planning Khaled Battal Al-Najem received, at his office in the Ministry’s office, yesterday, Sunday, the Ambassador of the State of Kuwait to Iraq, Salem Ghassab Al-Zamanan.

The statement added, “The two sides discussed a number of issues of common concern, especially with regard to strengthening bilateral relations in the economic fields. And investment, including among them, the rehabilitation and development of the Safwan border port, and the implementation of a number of service projects, in the health and education sectors and the implementation of Ya Hussein Road, the link between the southern governorates and Karbala governorate, passing through a number of central governorates.The two parties agreed, according to the statement, to "form joint Iraqi-Kuwaiti committees to follow up and activate the outcomes of the Kuwait Donors Conference that was held at the initiative of the State of Kuwait in the beginning of 2018."

The star price, "The positions of the State of Kuwait, the government and the people, in support of Iraq, especially in The field of confronting the Corona pandemic, and supporting the efforts of reconstruction and achieving stability and development in all of Iraq, indicating that "the current circumstance in which the countries of the region and the world go through requires further cooperation in order to cross the crisis and overcome the economic challenges resulting from low oil prices." The star stressed, "The Iraqi government is proceeding to take a series of economic measures and reforms, in the short and medium term, through activating investment and creating an attractive environment for business."

He called on "Kuwaiti companies to take advantage of the investment opportunities available in many development sectors, according to economic priorities." And the development gaps that are indicated at the level of each governorate.For his part, Al-Zamanan welcomed the “directions of the Iraqi government to support investment and enhance fruitful cooperation relations with the State of Kuwait,” expressing “the Kuwaiti government’s willingness to provide more support to the brotherly Iraqi people, in various fields, and the desire of many companies to work in Iraq.” .

http://alzawraapaper.com/%d8%a7%d8%aa%d9%81%d8%a7%d9%82-%d8%b9%d8%b1%d8%a7%d9%82%d9%8a-%d9%83%d9%88%d9%8a%d8%aa%d9%8a-%d8%b9%d9%84%d9%89-%d8%aa%d8%b4%d9%83%d9%8a%d9%84-%d9%84%d8%ac%d8%a7%d9%86-%d9%85%d8%b4%d8%aa%d8%b1%d9%83/?fbclid=IwAR1fdANHP19QgX46mjWB625U_srSfCHElKtyVaNYRGRUiFatupbOVZuKLU8